How Does Binance Brazil Card Cashback Work?

1. How does the Binance Brazil Card cashback work?

The Binance Brazil Card offers cashback based on your total spending each calendar month. As you reach higher tiers, the increased cashback rate is applied retroactively to all eligible transactions for that month. 

Cashback is calculated on completed, eligible purchases and credited to your account by the 10th day of the following month. Cashback will be credited in BRL. 

In case of a refund or other items that affect historically calculated spending, Binance has the right to claw back the cashback.

Binance has the right to the final interpretation of whether the transaction is a subject of the cashback reward. 

**"Settled" purchase or transaction means that the funds of this purchase have arrived in the bank account of the seller, e.g., your grocery store. The process of settlement is performed by the payment network and may take up to 30 days. 

2. What are the Cashback Levels? 

Please refer the following table for the cashback levels: 

Notes:

• Tiers reset at the start of each month.
• Once you hit a higher tier, the cashback % applies to all spending for that month.
• ATM withdrawals are not included in cashback calculation or tiering.

3. What transactions are not eligible for cashback? 

Please note that cashback won’t apply to these transactions, including but not limited to:

• ATM withdrawals, cash disbursements, or any transaction that works like taking out cash.
• Payments to financial institutions (like debt repayment, account funding, brokers, dealers, or investment platforms).
• Government-related payments, such as taxes, fines, court costs, or postal services run by the government.
• Gambling transactions.

*Eligibility of cashback for transactions is up to the sole discretion of Binance.

4. Where can I see the earned cashback?

You can see the cashback rewards under your Binance Card dashboard under [Cashback]. Cashback is calculated and transferred to your Funding Account on the 10th of each month, for the spending of the previous month.

5. What are Monthly & Lifetime Cashback Earnings?

Monthly Cashback Earnings are the cashback rewards you have accumulated for the month, and will be distributed to your Funding Account on the 10th of the next month.

Lifetime Cashback Earnings are cashback rewards you receive in your Funding Account at the beginning of the cashback program.

6. Is there a monthly limit for the amount of cashback I can earn?

Yes, the monthly limit for cashback is capped at 120 BRL.